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SYNNEX Corporation (SNX - Free Report) was a big mover last session, as the company saw its shares rise 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $86.71 to $95.32 in the past one-month time frame.
The move came after the company reported better-than-expected second-quarter fiscal 2019 results.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for SYNNEX. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
SYNNEX currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Is SNX going up? Or down? Predict to see what others think: Up or Down
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SYNNEX (SNX) Catches Eye: Stock Jumps 8%
SYNNEX Corporation (SNX - Free Report) was a big mover last session, as the company saw its shares rise 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $86.71 to $95.32 in the past one-month time frame.
The move came after the company reported better-than-expected second-quarter fiscal 2019 results.
The company has seen two positive estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few weeks, suggesting that more solid trading could be ahead for SYNNEX. So, make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
SYNNEX currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
SYNNEX Corporation Price
SYNNEX Corporation price | SYNNEX Corporation Quote
Another stock worth considering in the Business - Software Services industry is RealPage, Inc. which carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is SNX going up? Or down? Predict to see what others think: Up or Down
Breakout Biotech Stocks with Triple-Digit Profit Potential
The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.
Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +98%, +119% and +164% in as little as 1 month. The stocks in this report could perform even better.
See these 7 breakthrough stocks now>>